Choco

Enabling a sustainable food system

Choco logo
201-500 employees
  • B2B
  • Sustainability
  • Food
  • SaaS
  • Mobile
Kreuzberg, Berlin, Germany

Company mission

To lead a change in one of the oldest industries on the planet.

Top investors

5% employee growth in 12 months

Our take

The restaurant industry has seen vast technological innovations throughout the last decade, yet the state of supply chain ordering and administration does not reflect this. Restaurants are still using archaic paperwork to order from suppliers, and this has the tendency to become clunky, inaccurate, and result in food waste. Choco exists to improve this situation by connecting restaurants and suppliers through its food ecosystem management software.

Choco isn't the only company to notice the potential for disruption in this space, but it has taken a unique approach by providing bespoke inventory applications and analytical tools to both restaurants and suppliers. Because of this, it has a large and rapidly growing userbase and its supply chain now links more than 31,000 businesses globally, with more than £1.2 billion in goods traded on its platform.

It's also raised large amounts of capital in several funding rounds and achieved unicorn status with a valuation exceeding $1 billion. It now has eyes on expansion, currently working with clients across the U.S. and Europe but also planning to begin operations in South America, the Middle East, and Asia in the near future.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Funding (last 2 of 6 rounds)

Feb 2023

$29.4m

LATE VC

Dec 2022

$38.8m

LATE VC

Total funding: $342.9m

This company has top investors

Leadership

Daniel Khachab

(Co-Founder & CEO)

Experienced as Global Venture Development Manager and CEO of Rocket Internet SE.

Julian Hammer

(Co-Founder)

Before co-founding Choco, they freelanced in Product & Marketing with Ace & Tate, BuzzHire and UpLabs. Before that, they were a Senior Venture Associate with EPIC Companies and the Head of Marketing Intelligence for Global Savings Group.